May 1, 2017 Comments Off on Japanese Investor Picks Up D.C. Assets for $259M Views: 392 National News, Northeast, Top National Stories

Japanese Investor Picks Up D.C. Assets for $259M

Tokyo-based UNIZO Holdings Company, Limited acquired 1325 and 1341 G Street, two Class A office buildings totaling 440,419 square feet in Washington, D.C.’s East End submarket for $259 million. The sellers in the off-market deal were New York-based Westbrook Partners, LLC and Dallas-based TIER REIT.

HFF’s Andrew Weir, Stephen Conley, Jim Meisel, Dek Potts and Matt Nicholson arranged the deal on behalf of the sellers, and HFF also procured the buyer.

1325 and 1341 G Street are located just two blocks from the White House, and one block from the Metro Center rail station.

1325 G St., a 307,705-square-foot asset, was originally built in 1969 and renovated in 2017.  Originally built in 1903, 1341 G Street NW (The Colorado Building) has also been updated and has 132,714 square feet of office and retail space.

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